Alcoa to buy aerospace company Firth Rixson

摘要

Aluminum group Alcoa Inc expanded its aerospace business and took a step away from the light metal on Thursday, announcing a $2.85 billion deal to buy a company that makes jet engine parts, largely out of nickel-based alloys and titanium. Alcoa, whose shares rose more than 3 percent, said it would buy parts maker Firth Rixson from private equity firm Oak Hill Capital Partners.